Quote:
Originally Posted by E30toF30
Personal taxes here in Canada sucks ass.
In BC, if you are making over $200k/year or more (about $153k usd), your marginal tax rate is a BRUTAL 50%.
Don't forget to add the following:
- the crazy cost of real estate
- the much lower wages (compared to the rest of Canada and even the States)
- 12% sales tax on consumer goods
And to bring in car related info, Chek out our new taxes for both new and used/Private car sales:
- 15% sales tax on cars over $57k (~$43k usd)
- 20% sales tax on cars over $125k (~$96k usd) - new tax bracket just introduced this month
- 25% sales tax on cars over $150k (~115k usd) - new tax bracket just introduced this month
(these new taxes on cars are not marginal either. Straight across the board)
Oh, don't forget our $1.54 per L for regular fuel (closer to $1.74 for premium 91 octane). Which is set to increase over the summer. That's a whopping $4.48 usd per gallon for regular and $5.07/gallon for 91 octane
Sorry I went off tangent.but there is so many taxes built into our rule cost that I felt it was reagent to the "taxes" topic
There is probably more I can bitch about but I'm too tired to continue...
I wonder why I live here....
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Yeah, I feel some of that may be excessive - but those are personal choices to buy cars that much and trying to live in the Vancouver area. Hopefully they kick out all the foreign investors driving up the housing cost to make the area more livable.